AeroVironment downgraded to Hold from Buy at Benchmark Co. Benchmark downgraded AeroVironment to Hold ahead of the Q1 report based on rich valuation and expectations FY15 guidance could be weaker than expected given lower US Department of Defense , cancellation of the State Department program and Switchblade visibility. Price target lowered to $30.
AeroVironment tumbles after earnings, levels to watch The stock is down over 9.6% to $27.71 following results last night after the close. At that price next support is at $27.18. Resistance is at $28.31.